Kuwait is one of the Middle East’s leading luxury markets, providing a prime business environment for premium jewellery and watch brands. With a GDP per capita exceeding USD 30,000, Kuwait boasts a strong base of high-net-worth individuals eager for exclusive products. Strategically located at the crossroads ofAsia, Europe, and Africa, Kuwait serves as a major hub for luxury trade.

 

The absence of Value Added Tax (VAT) on luxury goods makes it even more attractive to elite buyers, while government investments in tourism—targeting 7 million visitors by 2030—continue to expand its luxury consumer base.

 

Luxury retail in Kuwait is centered around elite shopping destinations such as The Avenues Mall, a landmark for global luxury brands. The nation’s heritage ingold, diamonds, and fine timepieces has made it a prime marketplace for bespoke and collectible pieces. Kuwait’s past jewellery and watch exhibitions have delivered exceptional sales and strong engagement from high-net-worthindividuals (HNWIs) and VIP buyers, cementing its reputation as a key luxury retail hub.